U.S. Housing Market Recovery Continues as Prices in November Post Largest Gains in 6 and 1/2 Years

Five Star Equities Provides Stock Research on Hovnanian Enterprises and Standard Pacific

Marketwired

NEW YORK, NY--(Marketwire - Jan 18, 2013) - U.S. homebuilders prospered in 2012 as rising prices and shrinking inventories provided ample opportunities for growth within the industry. The SPDR S&P Homebuilders ETF (XHB) has gained over 50 percent in the past year. Five Star Equities examines the outlook for companies in the Residential Construction Industry and provides equity research on Hovnanian Enterprises, Inc. (NYSE: HOV) and Standard Pacific Corp. (NYSE: SPF).

Access to the full company reports can be found at:
www.FiveStarEquities.com/HOV
www.FiveStarEquities.com/SPF

CoreLogic recently reported U.S. home prices in November gained 7.4 percent year-over-year, the largest gain on 6.5 years. Rising prices is seen as a key factor in the U.S. housing market's recovery, and CoreLogic forecasts prices to continue to rise in 2013 by 6 percent.

"We have very low mortgage rates. We have good affordable house prices. And they seem to be rebounding, so that fear of buying a home and seeing it fall in value has disappeared. And we have a lot of pent-up demand," says David Crowe, chief economist with the National Association of Homebuilders. "We have people who have been waiting for two or three or more years to see those market conditions improve, and now they're taking advantage of that."

Five Star Equities releases regular market updates on the Residential Construction Industry so investors can stay ahead of the crowd and make the best investment decisions to maximize their returns. Take a few minutes to register with us free at www.FiveStarEquities.com and get exclusive access to our numerous stock reports and industry newsletters.

Hovnanian Enterprises is one of the nation's largest homebuilders with operations in 17 states across the U.S. Total revenues were $487.0 million in the fiscal 2012 fourth quarter, an increase of 42.6 percent when compared with $341.6 million in the prior year's fourth quarter. Shares of the Hovnanian Enterprises have gained over 50 percent in the past year.

Standard Pacific operates in many of the largest housing markets in the country with operations in major metropolitan areas in California, Florida, Arizona, the Carolinas, Texas and Colorado. Shares of the company have gained over 90 percent in the past year. Standard Pacific is scheduled to release its fourth quarter results on Monday, February 4th.

Five Star Equities provides Market Research focused on equities that offer growth opportunities, value, and strong potential return. We strive to provide the most up-to-date market activities. We constantly create research reports and newsletters for our members. Five Star Equities has not been compensated by any of the above-mentioned companies. We act as an independent research portal and are aware that all investment entails inherent risks. Please view the full disclaimer at:
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